The Minister of State at the Department of Finance, Neale Richmond, has published Ireland for Finance Progress Report for 2023.
Highlights from the report are:
- 57,600 people estimated employed in international financial services sector
- Approximately one in four jobs based outside of Dublin
Minister Richmond said:
“Ireland’s international financial services sector continues to go from strength to strength. There are now over 57,600 people estimated to be working in the sector, representing a 50% increase in jobs since 2015 alone.
“Gone are the days when the international financial services sector was confined to the IFSC in Dublin. Today, approximately one in four jobs in the sector are outside of Dublin in the regions, providing high quality jobs across the country.
“The IDA and Enterprise Ireland continue to support growth in this sector, with the IDA supporting over 300 companies in international financial services and Enterprise Ireland investing over €80 million in companies in fintech, financial services and business services since 2018.
“The Ireland for Finance Strategy is central to the success of the sector and the Progress Report 2023 reaffirms that this work is well underway.
“My focus is to continue this growth in 2024, to work with both the private and public sector to achieve this and ensure that Ireland continues to be a leader in international financial services.”
The Progress Report 2023 provides an update on the 12 action measures that were due for reporting last year under the Ireland for Finance strategy. The actions within are focused on the five core themes of the strategy; fintech, sustainable finance, diversity and talent, regionalisation and promotion and operating environment.
Some notable achievements in the 2023 progress report of the Ireland for Finance strategy include:
- A new pre-seed funding offer for early stage fintech investors, with 21 new companies supported through Enterprise Ireland’s Pre-Seed Start Fund and High Potential Start-Up initiatives
- A revised and updated Sustainable Finance Roadmap
- Relaunch of the annual European Insurance Forum
- Promotion and participation in national and international events by enterprise agencies and other stakeholders, including the Global Government Fintech Lab, Money 20/20, and Singapore Fintech Festival
